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  3. simon company's year-end balance sheets follow. as

Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses...

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Accounting

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Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets s 24,842 29,927 29,649 40,339 90,52767,836 43,829 3,294 230.606 211,877 188,489 75,67452,891 4 8,000 7,856 s 429,649 $370,387 305,600 Liabilities and Equity Accounts payable Lohg-term notes payable secured by s 109,122 61,343 39,532 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 79,96684,337 68,213 162,500 162,500 162,500 62,20735,355 429,649 $370,387 305,600 78,061 1. Compute the current ratio for the year ended 2017, 2016, and 2015 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio Choose Numerator: Choose Denominator Current Ratio 2017: 2016 2015: Current ratio to 1 to 1 to 1 Required 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015. Acid-Test Ratio Choose Numerator / Choose Denominator Acid-Test Ra Acid-test ratio 2017: 2016: 2015: to 1 to 1 to 1

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